Average U.S. 30-Year Mortgage Rate Rises to 6.3%

Average U.S. 30-Year Mortgage Rate Rises to 6.3%

Ending a 3-week slide, it’s up from 6.23% last week, but lower than the 6.76% a year ago. The 15-year FRM rose to 5.64%; it was 5.58% last week and 5.92% a year ago. WASHINGTON (AP) — The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs...
Key Inflation Gauge at Highest Level in 3 Years

Key Inflation Gauge at Highest Level in 3 Years

By Christopher Rugaber Prices rose 3.5% compared to a year ago, pushing inflation further away from the Fed’s 2% target, likely leaving interest rates on hold at least for now. WASHINGTON (AP) — A key inflation measure jumped in March as gas prices soared, the latest...
Buying a Home: Steps to Take for Homeownership

Buying a Home: Steps to Take for Homeownership

Thoughtful planning can help would-be home buyers prepare for the experience. A clear look at finances and budget is a good place to start. ORLANDO, Fla. — Buying a home is a major milestone and with the right preparation it can be a confident and accessible...
Home Building Shows Signs of Stabilization in March

Home Building Shows Signs of Stabilization in March

Housing production bounced back in March as builders increased starts despite headwinds. Overall starts rose 10.8% to a seasonally adjusted pace of 1.5 million. WASHINGTON — Overall housing starts increased 10.8% in March to a seasonally adjusted annual rate of 1.5...
Florida Consumer Sentiment Weakens in April

Florida Consumer Sentiment Weakens in April

For the second month in a row, Floridians are feeling less confident about their finances, due to higher gas prices, other rising costs and accelerated inflation. GAINESVILLE, Fla. — Consumer sentiment among Floridians declined for the second consecutive month,...
NAR Supports Bipartisan Broadband Bills

NAR Supports Bipartisan Broadband Bills

By Michael Rauber Several broadband-focused bills passed by the U.S. House aim to expand high-speed internet access, helping to unlock housing demand in rural and underserved areas. WASHINGTON — NAR supports the U.S. House’s approval of three measures that will boost...